Senator Thom Tillis has cleared the path for Kevin Warsh’s confirmation as Federal Reserve chair. This follows the Department of Justice’s decision to end its probe into current Chair Jerome Powell. Warsh’s nomination now moves forward, aiming for Senate approval before Powell’s term ends. This development resolves months of uncertainty surrounding the crucial leadership role at the central bank.Read More
IndusInd Bank shares surged following Q4 results that indicated a potential turnaround, with profit jumping 331% sequentially and asset quality showing signs of stabilization. Several brokerages raised their target prices, citing improved profitability and a strong recovery path, though some remain cautious about the pace of re-rating.Read More
Mining giant Vedanta is set to demerge four businesses into separate listed entities, with May 1 as the record date. Shareholders will receive one share of each new company for every Vedanta share held. While listing dates are unannounced, past demergers suggest a timeline of 3 weeks to several months.Read More
Shares of Cohance Lifesciences surged 20% on Monday after the appointment of former Cipla CEO Umang Vohra as its new Executive Chairman and Group CEO. His leadership is expected to drive transformation, scale operations, and strengthen global partnerships as the company enters its next growth phase.Read More
Paytm shares are set to remain in focus after the RBI cancelled Paytm Payments Bank’s licence, prompting its closure. The company expects no material impact due to the prior separation. While Bernstein flags concerns over regulatory tone, it retains a positive view, seeing limited business disruption and potential licensing opportunities ahead.Read More
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